ServiceTitan Shares Sink 30% After Q3 Revenue Guidance Misses Estimates
Updated
Updated · CNBC · Sep 9
ServiceTitan Shares Sink 30% After Q3 Revenue Guidance Misses Estimates
3 articles · Updated · CNBC · Sep 9
Summary
ServiceTitan plunged more than 30% in midday trading after forecasting third-quarter revenue below analyst estimates, overshadowing an otherwise solid quarterly report.
Q2 revenue came in at $292.8 million, beating FactSet's $285.9 million consensus, and the software company also raised its full-year revenue outlook.
The selloff highlighted investors' focus on near-term growth signals, with weak guidance outweighing both the quarterly beat and the higher full-year forecast.
Elsewhere in the same session, Braze fell 19% on a revenue miss, while Chime rose 4% after stronger earnings and Q3 guidance above expectations.